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Hastings Technology further increases rare earth resources at Yangibana

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Hastings Technology further increases rare earth resources at Yangibana

Hastings Technology Metals Ltd. further updated resources at its Yangibana property in Western Australia, after outlining a 12.5% increase in tonnes of contained total rare earth oxides, or TREO, in mid-October.

Yangibana hosts measured, indicated and inferred resources totaling 21 million tonnes grading 1.17% TREO, including 0.40% combined neodymium and praseodymium oxides.

The company noted Nov. 22 that the update includes initial indicated resources at Auer and expanded indicated resources at Auer North, which resulted from additional drilling.

Hastings Technology has secured three off-take agreements for Yangibana, with initial production anticipated in the second half of 2019.